Novak Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017. Service revenue (from camping fees) Sales revenue (from general store) Accounts payable Cash Equipment $195,360 37,000 16,280 12,580 168,720 Dividends Notes payable Expenses during 2017 Supplies Common stock Retained earnings (1/1/2017) $13,320 74.000 186,480 8.140 59,200 7,400 Determine Novak Corp.'s net income for 2017. Novak Corp.'s net income for 2017 $ Prepare a balance sheet for Novak Corp. as of December 31, 2017. (List assets in order of liquidity) Novak Corp Balance Sheet Assets . Prepare a retained earnings statement for Novak Corp. year ended December 31, 2017. (List items that increase retained earnings first.) Liabilities and Stockholders' Equity Novak Corp. Retained Earnings Statement : . : $ +